Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for
Central Texas Market Statistics July 2016
Dated: August 22 2016
According to Austin Board of REALTORS® single-family home sales volume declined in the Central Texas area for the second time in 2016 and 4,230 single-family homes were sold in July 2016, a decrease of 3.1 percent compared to July 2015.
The median price for single-family home increased 6.1 percent compared to July 2015. On the other hand, inventory levels did not change : properties spent an average of 48 days on the market.
Days on the market vary among the different price brackets. Properties priced above $400,000 had more than four months of inventory and homes priced $1M and higher had more than 13 months of inventory.
City of Austin's median price? $345,000. This is a 4.6 percent increase from July 2015. What about WIlliamson County? The median price rose 6.6 percent annually to $262,000. Properties spent two days fewer on the market compared to July 2015. Believe it or not South of Austin and Hays County had the largest year-over-year decrease in sales volume. The median price hit $237,900, which is up by 3.5 percent from July of 2015. over-year.
For additional housing market statistics and infographics for the Central Texas region; Austin-Round Rock MSA; Hays, Travis and Williamson counties; and the City of Austin, please contact Marcela Alfonsin at Marcela@TheAmericasProperties.com.
Born and raised in Argentina, Marcela is calling Austin "home" since 2004. She is versatile and multifaceted - being fully bilingual (English-Spanish) and possessing extensive experience with national....